At the moment the usdchf is trending down nicely.
- #14,678
- Oct 23, 2019 1:28pm Oct 23, 2019 1:28pm
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
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DislikedHeads up for next week, check GBPUSD on the weekly chart and look where it is at. Could be potential for a massive shortIgnored
DislikedHello, Are both correct by the rules two bar retracements or only second one? The picture is just an example, it is a simplification of 2 bar retracing to MA10 from an area of consolidation/uncertainty after a higher high (1). Or does it always have to count directly from that highest high (2)? Am I correct to think that no 1 could be legit in a strong setup but would be still potentially weaker than no 2 and if traded one should be more careful with it? Everyone experienced with the method is welcome to answer but I mostly look forward to Kostas,...Ignored
DislikedHi Larry well done. I would have taken the 1 st touch 3 bars before on the first graphIgnored
Disliked{quote} Hi alper. The two bar rule means two bars retracing to a Ema touch in a trend.. Two red bars in a long setup/two green in a short setup to get there.Ignored